Nissan suffers 99% profit plunge on U.S. hybrid woes

Automaker falls behind Japanese rivals in tapping shift away from EVs

20240725N Nissan Kicks

Nissan Motor will launch a new model of the popular Kicks sport utility vehicle in the U.S. (Nissan Motor)

KAZUHIRO NOGUCHI and SHUHEI OCHIAI, Nikkei staff writers

TOKYO -- Nissan Motor saw its operating profit plummet 99% on the year in April-June as its lack of hybrid offerings in the critical U.S. market took a toll on sales.

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